Post Utme Bsu 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it by 10% per annum using the straight-line method. Calculate the depreciation for the first year.

Answer Options

A. ₦50,000
Correct Answer B. ₦45,000
C. ₦40,000
D. ₦35,000
Correct Answer
B
Correct Option:
₦45,000

About This Question

This is Post Utme Bsu 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

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